Sharon Co-Operative Bank
Sharon, MA — Domestic Branch of a Domestic Bank
Acquired May 2007
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Sharon Co-Operative Bank | All Insured Savings Banks in Massachusetts |
Interest and Fees on Loans | 545 | 3,907 |
Income from Lease Financing Receivables | — | — |
— | — | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | — |
Income on Loans and Leases (TE) | 545 | 3,908 |
Investment Interest Income (TE) | 167 | 993 |
Total Interest Income (TE) | 832 | 5,133 |
Total Interest Expense | 432 | 2,658 |
Net Interest Income (TE) | 400 | 2,451 |
Non-Interest Income | 34 | 452 |
Adjusted Operating Income (TE) | 434 | 2,886 |
Non-interest Expense | 450 | 2,334 |
Provision for Loan & Lease Losses | — | 113 |
Pretax Operating Income (TE) | — | 796 |
Pretax Net Operating Income (TE) | — | 855 |
Applicable Income Taxes | — | 270 |
Net Operating Income | — | 567 |
Net Income | — | 567 |
Cash Dividends Declared | — | 477 |
Retained Earnings | — | 533 |